Teacher Retirement System of Texas Buys Shares of 58,761 The Vita Coco Company, Inc. (NASDAQ:COCO)

Teacher Retirement System of Texas purchased a new position in The Vita Coco Company, Inc. (NASDAQ:COCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,761 shares of the company’s stock, valued at approximately $2,169,000.

A number of other large investors also recently modified their holdings of COCO. Harvest Fund Management Co. Ltd bought a new position in Vita Coco in the 4th quarter valued at about $457,000. Thrivent Financial for Lutherans bought a new position in shares of Vita Coco in the fourth quarter valued at approximately $10,715,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Vita Coco during the fourth quarter valued at approximately $462,000. Moran Wealth Management LLC raised its holdings in Vita Coco by 4.8% during the fourth quarter. Moran Wealth Management LLC now owns 19,075 shares of the company’s stock worth $704,000 after purchasing an additional 871 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in Vita Coco by 712.3% in the fourth quarter. AlphaQuest LLC now owns 28,382 shares of the company’s stock worth $1,048,000 after purchasing an additional 24,888 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vita Coco

In other Vita Coco news, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the transaction, the director now owns 814,302 shares of the company’s stock, valued at $32,629,081.14. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jonathan Burth sold 4,052 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $37.60, for a total transaction of $152,355.20. Following the completion of the sale, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at $3,914,460.80. This trade represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,410 shares of company stock valued at $3,017,811 in the last three months. 34.20% of the stock is currently owned by company insiders.

Vita Coco Trading Down 11.0 %

COCO stock opened at $31.55 on Thursday. The Vita Coco Company, Inc. has a one year low of $23.00 and a one year high of $40.32. The firm has a 50-day moving average of $36.31 and a two-hundred day moving average of $33.89. The firm has a market capitalization of $1.80 billion, a PE ratio of 31.87, a P/E/G ratio of 2.25 and a beta of 0.34.

Analyst Ratings Changes

Several brokerages have recently weighed in on COCO. Wells Fargo & Company cut their price objective on Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Bank of America upped their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. The Goldman Sachs Group lifted their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Stephens lowered shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price for the company. in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vita Coco currently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

About Vita Coco

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.